Location: Chicago-Joliet-Naperville, IL | Metro: Chicago-Joliet-Naperville, IL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,820 |
| 1 Bedroom | $1,930 |
| 2 Bedrooms | $2,180 |
| 3 Bedrooms | $2,800 |
| 4 Bedrooms | $3,200 |
| 5 Bedrooms | $3,712 |
| 6 Bedrooms | $4,157 |
| 7 Bedrooms | $4,490 |
| 8 Bedrooms | $4,715 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 60527 in Willowbrook, IL, reveals a competitive environment for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $2,170, while the market rent, as indicated by ZORI (Zillow Observed Rent Index), stands slightly lower at $2,104. This suggests that voucher tenants will generally cashflow at the FMR rate, but with minimal margin, indicating a tight market.
To further analyze the investment potential, consider the median home value in ZIP 60527, which is $508,668. Using the HUD FMR of $2,170, we can derive a rent-to-price ratio of approximately 0.43%, calculated by dividing the annualized rent ($2,170 * 12) by the median home value. This ratio highlights the relative affordability of renting compared to buying in the area, though it does not necessarily indicate strong appreciation potential.
The 31-day median Days on Market (DOM) and the 0.2% price-cut share suggest a stable rental market where properties move quickly and price adjustments are rare. These metrics point to a robust demand for rental housing, which can be beneficial for investors seeking steady occupancy rates and minimal vacancy periods.
The strongest angle for investors in this market is stability. With a slight edge in cashflow due to the HUD FMR being higher than the ZORI, combined with quick property turnover and low price-cutting, ZIP 60527 offers a reliable and predictable investment opportunity for those focused on consistent returns rather than rapid appreciation.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.